Smelter's future back in focus for Meridian

Wed, 29 Oct 2014

By Pattrick Smellie Oct. 29 (BusinessDesk) - Meridian Energy will watch first for closure by fossil fuel-fired power stations before making any decision on how it responds if the Rio Tinto, majority owner of the Tiwai Point aluminium smelter, exercises its option to terminate its contract on July 1 next year, Meridian's chief executive, Mark Binns, told shareholders at the company's first annual meeting since listing on the NZX exactly a year ago at $1 a share, with 50 cents still be paid next May. Trading at a high of $1.68 today, Meridi...

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